Trump crypto invest:
Trump Media Raises $2.44 Billion for Crypto Reserves
Trump Media and Technology Group, backed by former U.S. President Donald Trump, has taken a big step into the world of cryptocurrency. The company has raised $2.44 billion to start building a large Bitcoin reserve. This move shows Trump Media’s strong interest in digital finance and signals its plan to play a major role in the crypto industry.
The company gathered this funding from around 50 large investors. These investors bought 55.8 million shares of Trump Media’s common stock at $25.72 each, raising $1.44 billion. In addition, Trump Media issued convertible notes worth $1 billion, bringing the total to $2.44 billion. Most of this money, about $2.3 billion, will be used to purchase Bitcoin.
Trump Media wants to become one of the top public companies holding Bitcoin. It will include Bitcoin as part of its official financial record, alongside $759 million in cash and short-term investments it already has. This shows that the company is serious about treating Bitcoin as a key part of its business strategy.
Devin Nunes, the company’s CEO and chairman, said this move would give Trump Media more freedom to carry out its future plans. According to him, acquiring strong assets like Bitcoin is part of their vision to grow and innovate in the tech and media space.
To keep its Bitcoin safe, Trump Media has chosen Crypto.com and Anchorage Digital as its storage partners. Crypto.com’s token, CRONOS, has seen a boost in price recently, rising more than 6% in the last 24 hours. This growth could be linked to its partnership with Trump Media, which started in March with plans to launch exchange-traded funds (ETFs).
At the same time, Trump Media is facing legal challenges connected to international censorship. The company’s lawyer, Martin De Luca, criticized Brazilian Supreme Court orders that tried to censor content on American platforms like Truth Social. He called these orders a threat to free speech and an attack on U.S. law.
De Luca has taken legal action in Florida to stop these censorship demands, and a U.S. judge has already ruled in favor of Trump Media and Rumble. He warned that allowing foreign courts to control American servers would lead to “digital tyranny without borders,” setting a dangerous example.
Adding to all this, Trump Media is also expecting a $3 billion investment from an Emirati firm to support its Bitcoin plans. This deal could further strengthen Trump Media’s position in the global crypto market and help it expand its influence in both finance and technology.
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